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Flagstar Bank & LLC Transfer. Steve Mitrano Poster. Wakefield, MA. Posted over 5 years ago. Anyone have any experience with transferring a Flagstar Bank mortgage into an LLC? I've had people tell me not to worry about it and to just do it, and I've had other people say the bank will call the loan due. My lawyer told me to send the bank a letter ...
Hi all, Just wanted to post a quick re-cap of the options that were laid out for me during my recent phone call with Flagstar Loans. Put my duplex into forbearance at start of COVID and as I am gearing up to move out of forbearance I wanted to assess my options. I spoke with four different representatives and received four different responses.
User Stats. Due on sale clause was called by bank! I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into an LLC. The loan was secured in my name as it was one of my first 4 Fannie loans.
Westchester County, NY. Posted Jan 15 2020, 19:48. I am searching for financing and I spoke with one of the the mortgage loan advisor and their options look very good for a HELOC on my current SFH. However I searched the bank and it's reviews and found many bad ratings. Most sounded pretty petty and about illogical unexpected fees and more ...
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Lender won't allow transfer of ownership to LLC. This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a little background. Last year my wife and I purchased a single-family home as an investment ...
User Stats. I threatened to stop paying escrow to my new lender. It worked! Two months ago, I completed a REFI to lower my rate and increase cashflow. Within two weeks of closing, my lender sold the note to a large lender based in Florida which I’d never heard of. I was shocked to read ABYSMAL reviews from hundreds of people who had ...
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Key Market Movers and How to Track Rates. DSCR loans have moved at unprecedented rates. Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage.
Over the years, I've borrowed at least 50 mortgages, and not all of them were acquired from traditional lenders.